Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.Money As Debt

Capital, money, cash, liquidity.
These are different and ordered descending in terms of value.
The value of fiat money depends on the credit given in its future value.
The value of cash depends on the availability of cash.
Liquidity is a derivative of money.
Only capital is not debt.
Banks don't lack liquidity and don't lack cash, they lack capital.

So when we are about deleveraging, we are about draining liquidity and hoarding cash thus cash eventually becomes capital - when main street is
cash-strapped.